3-Unit Triplex with Shared
For Sale
$1,399,000
Pending
2416 Palmetto AVE, Pacifica, CA 94044
Three residential units include garage parking and access to shared laundry facilities.
Property Size3,414 SF
Days on Market45
Property Features for 2416 Palmetto AVE
General Information
Standard status
Pending
Size
3,414 SF
Total Parking Spaces
3
Property subtype
Triplex
Units
Unit Mix
2 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
shared laundry facilities
Building Details
Year Built
1966
Listing Agency:
Compass
Listed By:
Guy Giuffre · License #1393931
(831) 566-5430
Source:
Giuffreproperties
Added: Sep 18
Changed: Oct 28
Last Checked: Oct 28 at 3:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
This 1966 triplex in Pacifica contains 3,414 square feet across three units: two with two bedrooms and two bathrooms, and one with one bedroom and one bathroom. The property has recent exterior paint, garage parking, and shared laundry facilities.
The building is two blocks from Ocean Beach, with access to Highway 1 and I-280. Daly City BART is a 10-minute drive away.
The building is two blocks from Ocean Beach, with access to Highway 1 and I-280. Daly City BART is a 10-minute drive away.
Key Highlights
- 3,414‑square‑foot triplex built in 1966
- Two 2‑bedroom, 2‑bathroom units and one 1‑bedroom, 1‑bathroom unit
- Garage parking and shared laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,210
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,984,200
$2.0M
Cap Rate 7%
$1,417,286
$1.4M
Cap Rate 9%
$1,102,333
$1.1M
Market Conditions
NOI Build-Up for 3,414 SF
Gross rent
$151.6K $44.40/SF
− Vacancy
−$9.9K −$2.89/SF
EGI
$141.7K $41.51/SF
− OpEx
−$42.5K −$12.45/SF
NOI
$99.2K $29.06/SF
Area
San Mateo County, CA
Vacancy
6.50%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,984,200
Cap Rate 7%
$1,417,286
Cap Rate 9%
$1,102,333
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.65M
NOI $99,210 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,919 @ 7.0% cap · market cap 6.64%
Theoretical Best
Warehouse
$2.71M
$2.37M – $3.16M
NOI $189,825 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 94044, CA
38,675
Population
14,609
Households
2.6
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
15.1 sq mi
ZIP Area
2,561
Density / Sq Mi
$156,658
Median Household Income
$75,296
Median Earnings
$3,075
Median Rent
$1,211,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include garage parking and access to shared laundry facilities.
Where is this triplex located?
The property is located at 2416 Palmetto AVE Pacifica, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 3,414‑square‑foot triplex built in 1966; Two 2‑bedroom, 2‑bathroom units and one 1‑bedroom, 1‑bathroom unit; Garage parking and shared laundry facilities
